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Mansions for Sale in Missouri
Average Mansion and Luxury Home Prices in Missouri
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Saint Louis |
St Louis |
MO |
695,000 |
Search Mansions for Sale in Missouri
General
Missouri is located in the Midwest region of the United States bordered by Iowa, Illinois, Kentucky, Tennessee, Arkansas, Oklahoma, Kansas and Nebraska. Missouri is the 18th most populous state. It comprises 114 counties and one independent city. Missouri's capital is Jefferson City. The four largest urban areas are, in descending order are, St. Louis, Kansas City, Springfield, and Columbia. Missouri was originally acquired from France as part of the Louisiana Purchase and became defined as the Missouri Territory. Part of the Missouri Territory was admitted into the union as the 24th state in August 10, 1821
Economy
The Bureau of Economic Analysis estimates that Missouri's total state product in 2006 was $225.9 billion. Per capita personal income in 2006 was $32,705, ranking 26th in the nation. Major industries include aerospace, transportation equipment, food processing, chemicals, printing/publishing, electrical equipment, light manufacturing, and beer.
The agriculture products of the state are beef, soybeans, pork, dairy products, hay, corn, poultry, sorghum, and eggs. Missouri is ranked 6th in the nation for the production of hogs and 7th for cattle. Missouri is ranked in the top five states in the nation for production of soy beans. As of 2001, there were 108,000 farms, the second largest number in any state after Texas. Missouri actively promotes its rapidly growing wine industry.
Missouri has vast quantities of limestone. Other resources mined are lead, coal, Portland cement, and crushed stone. Missouri produces the most lead of all of the states. Most of the lead mines are in the central eastern portion of the state. Missouri also ranks first or near first in the production of lime.
Tourism, services and wholesale/retail trade follow manufacturing in importance.
Taxes
Personal income is taxed in 10 different earning brackets, ranging from 1.5 percent to 6.0 percent. Missouri's sales tax rate for most items is 4.225 percent. Additional local levies may apply. More than 2,500 Missouri local governments rely on property taxes levied on real property (real estate) and personal property. Most personal property is exempt, except for motorized vehicles. Exempt real estate includes property owned by governments and property used as nonprofit cemeteries, exclusively for religious worship, for schools and colleges and for purely charitable purposes. There is no inheritance tax and limited Missouri estate tax related to federal estate tax collection.
Missouri is the only state in the Union to have two Federal Reserve Banks: one in Kansas City (serving western Missouri, Kansas, Nebraska, Oklahoma, Colorado, northern New Mexico, and Wyoming) and one in St. Louis (serving eastern Missouri, southern Illinois, southern Indiana, western Kentucky, western Tennessee, northern Mississippi, and all of Arkansas).
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